hubergroup, a global leader in specialty chemicals and print solutions, has announced the signing of a sale and purchase agreement with a consortium between MAVCO Investments, a private investment vehicle belonging to select members of the Murugappa family, and funds managed by Avenue Capital Group, a global investment firm.

The consortium will acquire all shares in the company from the current owner, Cornelius Treuhand Holding. The completion of the transaction is subject to the required regulatory approvals. This partnership marks a significant milestone in hubergroup’s journey toward becoming an internationally leading, fully integrated, packaging-focused print solutions provider with an expanding chemicals business.

M.A.M. Arunachalam (also known as Arun Murugappan), Director of MAVCO Investments, said: “We are excited to announce our partnership with hubergroup, an organization with a rich heritage spanning multiple centuries. This collaboration marks our strategic entry into the global print / packaging solutions and allied products. Together with Avenue Capital Group, we are committed to accelerating hubergroup’s growth in key international markets and enhancing its ability to deliver exceptional value to all its business partners worldwide.”

Pankaj Goel, Head of Partnerships Asia Pacific, and Rohit Santani, Head of India for Avenue Capital Group, said: "We are excited to partner with MAVCO to unlock hubergroup’s potential in new and existing markets and deliver robust and profitable growth for the years to come. MAVCO’s strategic vision and operational expertise combined with hubergroup’s drive for innovation and growth potential fits perfectly with our approach to back transformative businesses."

This investment also allows hubergroup to capitalize on high-growth opportunities across geographies. The regions where demand for high-quality chemicals and print/packing solutions is growing, represent significant areas for expansion. The backing from the consortium will allow hubergroup to meet this demand and unlock new market potential.

Florian Dausend and Markus Stadler, Managing Partners of Cornelius Treuhand Holding: "As trustees, our priority has been to ensure a robust and strategically sound future for hubergroup. We are confident that the consortium provides the ideal foundation for hubergroup’s growth, stability, and continued success across the globe."

Britta Hübner, Chief Transformation Officer of hubergroup: "This acquisition is proof of the resilience and commitment of our entire team. Our efforts to transform into a robust, sustainable foundation have paid off, and together with the consortium we are well positioned for significant growth and industry leadership."